Wells Fargo & Company MN Acquires 77,462 Shares of MSA Safety Incorporated (MSA)

Wells Fargo & Company MN increased its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 184.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,442 shares of the industrial products company’s stock after acquiring an additional 77,462 shares during the period. Wells Fargo & Company MN owned about 0.31% of MSA Safety worth $9,496,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Riverhead Capital Management LLC boosted its position in shares of MSA Safety by 58.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 465 shares in the last quarter. Citigroup Inc. boosted its position in shares of MSA Safety by 18.3% during the 2nd quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 217 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MSA Safety by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 124 shares in the last quarter. Royal Bank of Canada boosted its position in shares of MSA Safety by 3.3% during the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 53 shares in the last quarter. Finally, Pacad Investment Ltd. boosted its position in shares of MSA Safety by 27.8% during the 2nd quarter. Pacad Investment Ltd. now owns 2,300 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 67.20% of the company’s stock.

In other MSA Safety news, VP Markus H. Weber sold 3,566 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $80.12, for a total value of $285,707.92. Following the completion of the transaction, the vice president now directly owns 12,651 shares of the company’s stock, valued at $1,013,598.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kerry M. Bove sold 5,947 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $80.21, for a total transaction of $477,008.87. Following the completion of the transaction, the insider now directly owns 66,863 shares of the company’s stock, valued at $5,363,081.23. The disclosure for this sale can be found here. Insiders have sold a total of 113,413 shares of company stock valued at $9,074,831 over the last three months. 11.47% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on MSA. Zacks Investment Research lowered shares of MSA Safety from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Robert W. Baird downgraded shares of MSA Safety from an “outperform” rating to a “neutral” rating and set a $80.00 price target for the company. in a report on Tuesday, October 3rd. Finally, Barrington Research reissued a “market perform” rating on shares of MSA Safety in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $89.00.

MSA Safety Incorporated (NYSE:MSA) opened at $78.58 on Thursday. MSA Safety Incorporated has a 1-year low of $65.95 and a 1-year high of $86.36. The stock has a market cap of $3,020.00, a PE ratio of 35.88 and a beta of 1.69. The company has a current ratio of 2.11, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13. MSA Safety had a net margin of 7.32% and a return on equity of 20.56%. The firm had revenue of $296.13 million during the quarter, compared to the consensus estimate of $298.47 million. During the same period last year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. equities analysts predict that MSA Safety Incorporated will post 3.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Tuesday, November 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Monday, November 13th. MSA Safety’s dividend payout ratio is currently 63.93%.

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MSA Safety Profile

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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